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Cryptocurrencies/Coins/Klaytn (KLAY)
Klaytn price, market cap on Coin360 heatmap

Klaytn(KLAY)

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$0.178673
(-2.68%)
0.00000272 BTC
Market Cap (Rank#114)
$660,235,609
10,069 BTC
Vol 24h
$5,990,774
91.3598 BTC
Circulating Supply
3,695,221,783.39
Max Supply
?

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About Klaytn?

The live price of Klaytn (KLAY) today is 0.178673 USD, and with the current circulating supply of Klaytn at 3,695,221,783.39 KLAY, its market capitalization stands at 660,235,609 USD. In the last 24 hours KLAY price has moved -0.008762 USD or -0.05% while 6,954,525 USD worth of KLAY has been traded on various exchanges. The current valuation of KLAY puts it at #114 in cryptocurrency rankings based on market capitalization.

Learn more about the Klaytn blockchain network and how it works or follow the price of its native cryptocurrency KLAY and the broader market with our unique COIN360 cryptocurrency heatmap.

Introduction

Klaytn (KLAY) is a public blockchain platform developed by Ground X, the blockchain subsidiary of the South Korean Internet giant Kakao. Klaytn aims to bring blockchain technology to the mainstream by providing a user-friendly blockchain experience. It combines the best features of both public and private blockchains through its hybrid design.

Technology & Mechanism

Consensus Mechanism

Klaytn uses a practical Byzantine Fault Tolerance (PBFT) consensus algorithm, which is a state machine replication that tolerates Byzantine faults. This consensus mechanism allows for high transaction throughput and low latency.

Blockchain Technology

Klaytn operates on a hybrid blockchain, combining the transparency of a public blockchain with the speed and security of a private blockchain. This unique approach allows businesses to build and deploy large-scale decentralized applications (DApps) on its platform.

Key Features

Scalability

Klaytn is designed for high scalability, supporting a high number of transactions per second (TPS) to cater to large-scale DApps.

Security

With its hybrid blockchain design, Klaytn ensures secure and private transactions while maintaining transparency.

Privacy

Klaytn provides privacy features that allow users to control the visibility of their transactions.

Decentralization

Despite its hybrid nature, Klaytn maintains a high level of decentralization through its governance council, composed of reputable enterprises worldwide.

Development Team & Governance

The Klaytn project is spearheaded by Ground X, the blockchain subsidiary of Kakao. The governance model is based on a council of trusted entities that participate in the consensus mechanism.

Use Cases & Potential Impact

Klaytn is designed for real-world use cases, aiming to make blockchain technology accessible and easy to use for everyone. It has the potential to disrupt various industries by enabling the development of large-scale DApps.

Purchase & Storage

How to Buy

KLAY tokens can be purchased on several cryptocurrency exchanges, including Binance and Upbit.

Wallets & Storage

KLAY tokens can be stored in any wallet that supports the Klaytn blockchain, including the official Klaytn wallet.

Partnerships & Collaborations

Klaytn has partnered with various enterprises worldwide, including LG Electronics and Union Bank of the Philippines, to expand its ecosystem.

Roadmap

Klaytn's future plans include further improving its platform's scalability and security, expanding its global presence, and fostering a vibrant ecosystem of DApps.

Risks & Challenges

Like any blockchain project, Klaytn faces challenges such as regulatory uncertainties and the need for wider adoption of blockchain technology.

Community & Regulatory Compliance

Community

Klaytn has a strong community of developers and users, supported by the wider Kakao ecosystem.

Regulatory Compliance

Klaytn is committed to complying with all relevant regulations in the jurisdictions it operates in.

In conclusion, Klaytn is a promising blockchain platform that combines the best features of public and private blockchains. With its user-friendly design and strong backing, Klaytn has the potential to bring blockchain technology to the mainstream.

Klaytn Price0.178673 USD
Market Rank#114
Market Cap660,235,609 USD
24h Volume5,990,774 USD
Circulating Supply3,695,221,783.39 KLAY
Max SupplyNo data
Yesterday's Market Cap673,199,744 USD
Yesterday's Open / Close0.190956 USD / 0.182194 USD
Yesterday's High / Low0.192374 USD / 0.178612 USD
Yesterday's Change
-0.05% ( 0.008762 USD )
Yesterday's Volume6,954,525 USD
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